Ready Capital (RC) Receives a Buy from Raymond James

In a report issued on June 16, Stephen Laws from Raymond James reiterated a Buy rating on Ready Capital (RCResearch Report), with a price target of $11.50. The company’s shares closed last Thursday at $13.43.

According to TipRanks.com, Laws is a 5-star analyst with an average return of 11.7% and a 68.1% success rate. Laws covers the Financial sector, focusing on stocks such as NexPoint Real Estate ate Finance, Colony Credit Real Estate, and Broadmark Realty Capital.

Currently, the analyst consensus on Ready Capital is a Strong Buy with an average price target of $13.06, which is a -1.7% downside from current levels. In a report issued on June 2, JMP Securities also maintained a Buy rating on the stock with a $10.00 price target.

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The company has a one-year high of $16.90 and a one-year low of $3.92. Currently, Ready Capital has an average volume of 514.2K.

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Ready Capital Corp. is a real estate finance company, which engages in acquiring, managing, and financing small balance commercial loans. The company operates in four segments: SBC Originations, SBA Originations, Acquisitions & Servicing, Loan Acquisitions and Residential Mortgage Banking. The SBC Originations segment originate SBC loans secured by stabilized or transitional investor properties using multiple loan origination channels through its wholly-owned subsidiary, ReadyCap Commercial, LLC. The SBA Originations, Acquisitions & Servicing segment acquires, originates and services owner-occupied loans guaranteed by the SBA its wholly-owned subsidiary, ReadyCap Lending, LLC. The Loan Acquisitions segment acquires performing and non-performing SBC loans and intends to continue to acquire these loans as part of its business strategy. The Residential Mortgage Banking segment through its wholly-owned subsidiary, GMFS, LLC originates residential mortgage loans eligible to be purchased, guaranteed or insured by Fannie Mae, Freddie Mac, FHA, USDA and VA through retail, correspondent and broker channels. Ready Capital was founded in 2011 and is headquartered in New York, NY.